Just a quick update, the farm purchase is on hold until next year. The local credit union in a farm area is fine with us buying a farm, but the big national PMI company does not like the idea of getting stuck with acreage, so we will be saving up a little more so as to not need PMI.
FYI for anyone else looking into this, Farm Credit requires 30% down, but may take farming education and potential farming income into account when extending credit.
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